The U.S. Department of Transportation’s Maritime Administration has agreed to guarantee loans of $40.8 million to enable the Canal Barge Company, Inc. of New Orleans, LA, to order nine asphalt barges and 30 open hopper barges.

The global AC drives manufacturer Vacon is extending its services in Brazil, where the economy is rapidly recovering from a short-term recession.

Abu Dhabi MAR Group, the international shipbuilding group based in Abu Dhabi, and ThyssenKrupp Marine Systems, part of ThyssenKrupp, have agreed on a close strategic partnership.

Standardization on a common technology platform is a key component in creating a sustainable Canadian shipbuilding industry according to a submission to the Federal Government from ShipConstructor Software Inc. (SSI), creator of shipbuilding and offshore CAD/CAM systems.

Swiftships Shipbuilders, LLC, Morgan City, La., is being awarded contract to provide 35-meter patrol boat training in support of the Iraqi Navy.

ABS and Lloyd’s Register have agreed to use common software for the assessment of scantlings of bulk carriers and oil tankers designed to comply with the new IACS Common Structural Rules.